Lot Size10,455 sqft
Home Size2,402 sqft
Days on Market4
Category: Tips for Buyers
For quite some time, Mount Pleasant, SC has been the fastest growing town in the Charleston area. Our agents are often asked if it’s still possible for first time home buyers to find affordable housing in a community so in demand. And the answer is – of course! – but you have to know where to look. While the days of abundant fixer uppers and “handyman specials” in Mount Pleasant’s well established neighborhoods have come and gone, you can still occasionally find a home in need of some love. However, for the widest variety of results in the under 300K category, you’ll need to look at condos and townhomes. For now, there is a nice variety of 1-3 bedroom / 1-3 bath attached homes in the under 300K price range, but with the way this town is booming, who knows for how long?
After a quick search of the area and price range, we’re featuring two properties in a great neighborhood: Etiwan Pointe
241 Etiwan Pointe Drive
Like most townhome communities, Etiwan Pointe’s monthly HOA includes ALL exterior maintenance, insurance, and lawn care. The neighborhood also features amenities like a pool and fitness center, but what truly sets it apart from the other condos and townhomes in this price range is the deep water community dock. Access to the Lowcountry’s waterways is a HUGE perk! Winding Rathall Creek leads directly to the Wando River and is perfect for kayaking, paddleboarding, fishing, or enjoying the sunset . Bonus: the home at 241 Etiwan Pointe Drive is currently the lowest priced in the neighborhood and boasts abundant sunlight and marsh views from the screened in porch and master bedroom.
116 Summers Creek Court 109-1
Etiwan Pointe is within biking distance of Westbrook Brewery, Long Point Grill, and is extremely close to the Kearns Park Trail, which meanders through a maritime forest along the Wando River and offers stunning views of the harbor, bridges, and marshes. You walk right out the door of116 Summer Creek to the community pool across the street. This home features two porches – one screened in off of the living room and the other located next to the dining room to expand your entertaining space with the opening of French doors. Bonus: the price was recently reduced!
Tax Credits for Historic Properties
People from all over the world love Charleston and its wonderful architecture. Our leaders years ago, knew that preserving that charm would be important to its future. What might seem to some like draconian rules that must be followed have become the unswerving guiding principles to preserving these beloved historic structures. Consequently, incentives have been put in place to encourage owners to “do it the right way” and truly restore and not just remodel historic buildings.
How does it work?
Taxpayers who rehabilitate their owner-occupied residence may be eligible to subtract 25% of the costs of many expensive repairs and renovations from their state income taxes.
How do I qualify?
Your building must meet both of these criteria:
1. You must own and live in the building or a portion of the building that will be rehabilitated. It can be a house or another type of historic building, such as a school or store, that you are rehabilitating to live in. An historic outbuilding associated with your residence, such as a barn or a garage, can also be eligible for the credit. The credit does not apply to buildings or portions of buildings that are used in a trade or business or produce income.
2. Your building must be one of the following:
• listed individually in the National Register of Historic Places
• contributing to a listed National Register historic district
• determined by the State Historic Preservation Office (SHPO) to be eligible for individual listing in the National Register
• an outbuilding that contributes to the significance of a property listed in the National Register
One might be surprised to learn that tax credits are available all around the Lowcountry and not just downtown Charleston that qualify. Here are a few: Historic District (HD) in Summerville, Hampton Park Terrace, a carriage house downtown, a Freedman’s cottage in North Central, Mt. Pleasant HD, Ashley River HD Atlanticville HD Charleston Navy Yard Officer’s quarters HD, French Quarter HD, Moultrieville HD, Pinopolis HD, Pineville HD, Sullivan’s Island HD, Successionville HD to name a few.
What elements qualify?
Money spent in the following categories may be counted as “Rehabilitation Expenses” when calculating the amount of credit:
• restoration of historic plaster
• energy efficiency measures except insulation in frame walls
• repairs or installation of heating, air conditioning, or ventilating systems
• repairs or installation of electrical or plumbing systems exclusive of new electrical appliances and electrical or plumbing fixtures
• architectural and engineering fees.
Allowable expenses do not include the cost of new construction beyond the footprint or volume of the existing building, the cost of acquiring or marketing the property, the value of an owner’s personal labor, or the cost of personal property.
Are there other requirements?
You must spend more than $15,000 within 36 months on Rehabilitation Expenses that qualify. Remember, this is a government program. There will be forms to complete, timelines, reviews, and copious documentation is required.
What is the most important take away?
Do not start any work until the first form is approved by the state of SC. You must have documentation of every element you intend to claim with before and after photos. You must tract specific expenses scrupulously throughout the process and you must quantify all work. This is not easy and contractors don’t like doing it so you will likely be the project manager for the tax credit work. But remember, it pays well come April 15th.
With an interest rate increase still in the cards this year, combined with the American political landscape and global economic events, a cooldown could occur by winter. Presently, however, summery growth prevails as many locales are reaching near-record prices not seen in more than a decade.- According to Charleston Trident Association of Realtors
Market Stats through May 2016
REGIONAL REAL ESTATE SALES
CHARLESTON, SC—(December 10, 2015) 1,029 homes sold in November in the region at a median price of $246,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). In November 2014, 987 homes sold at a median price of $222,067.
Year-to-date data shows that sales volume is 14% ahead of where it was last year, with 14,758 sales through November 2015 and the regional median price has increased by 5.3%, currently $228,000. Through November 2014, 12,933 homes had sold at a median price of $216,352.
- Upper Charleston Peninsula
- Downtown Charleston
- Mount Pleasant (below IOP connector)
- Mount Pleasant (above IOP connector)
- Folly Beach
- Isle of Palms and Wild Dunes
- Sullivans Island
- Kiawah Island
- Seabrook Islands
- Daniel Island
Looking for Folly Beach Homes with Ocean Views? Folly is one of the most desirable areas to live in the Lowcountry because of the laid back vibe, island-style living, and its beautiful beach that offers the best waves in Charleston. One of the things most people look for when buying a home on Folly Beach is those spectacular ocean views. Plus Folly Beach offers some of the most amazing sunsets this side of this Mississippi! Here is a list of homes currently for sale on Folly Beach with some incredible ocean views. We’re sure that there is something on this list for everyone.
On Folly Beach there is a wide variety of homes for sale, including weathered beach bungalows and grand new construction. You can also find tiny beach cottages, like those on the now-popular tiny house hunting television shows. In recent years, new luxury beach homes with ocean views have been on the rise. Homes on Folly Beach are often referred to as “First Row”, “Second Row”, “Third Row” to note their proximity to the ocean. The properties are, naturally, priced according to how close they are.First and Second Row homes on Folly Beach are almost always going to have ocean views. While Third and Fourth Row homes may not have ocean views, they are still a very short walk to the beach.
If you’re looking for a home with a laid back vibe and something beautiful to look at, you will want to take a look at this list of home for sale on Folly Beach with ocean view. The prices ranges vary, but we’re sure there is something to fit everyone’s budget. The results show the most recently listed properties first.
- List View
- Map View
See all Folly Beach Ocean View Listings.
(all data current as of 8/19/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Last night, City Council members deliberated on the proposal of a 4,500 residential development in the Bees Ferry area of West Ashley. According to William Joy of WCSC, The Long Savannah Project was approved and will cover 3,000 acres, 1,200 of which will be used for homes and 400,000 square feet will be used for retail and office space.
The approval of this major residential project is great news for the people who live in West Ashley, myself being one of them. The community is really hoping this area is going to be revamped and this project should show everyone that West Ashley is on track to developing for people that are moving to the area.
Traffic studies done on this project show that the entire area will be gridlocked, along Bees Ferry and Glenn McConnell (didn’t the Bees Ferry construction just end?!), but this should be a small price to pay for the major development.The project was originally approved in 2007, but was foreclosed on. We should expect to see around 500 homes in the next two years and the entire project to be complete in the next 20.
Charleston residential real estate saw a great year in 2014, with a 9% increase in sales volume and a 5% increase in median prices. A total of 14,253 homes sold last year in the Charleston metro area, with the downtown Charleston peninsula and Folly Beach seeing the most median price growth, while Kiawah/Seabrook and James Island were some of the most active subsections of the Lowcountry, according to the Charleston Trident Association of Realtors®. In December 1,270 homes sold at a median price of $202,870. 2015 CTAR President, Matt DeAntonio, gave a great outlook for 2015, stating that “we expect to see sales volume and prices continue to grow.” While inventory remained low, 12% lower than in 2013, some notable changes in the market from 2013 to 2014 included a 17% increase in single-family home sales and that distressed sales continued to decline significantly.
Click on Area for Detailed Analysis
We love this beautiful 4 bedroom, 3 1/2 bathroom listing on Folly Beach at 1008 East Ashley Avenue. Built in 2007, the owners focused on creating a very sound and secure structure and design. The lot is beautifully landscaped with great outdoor living space, including many windows, a screened porch, and a wrap around deck. Just steps from the beach, what more could you ask for?
For more details contact Laurie Hull 843.209.4576 firstname.lastname@example.org
We're sorry, but we couldn't find MLS # 1402799 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
More than 5,000 Homes Sold This Summer in the Charleston Area.
These Charleston area market statistics were recently released by the Charleston Trident Association of REALTORS®. “The summer months were, as expected, a period of steady, sustainable growth” said 2014 CTAR President, Corwyn Melette. “About 40% of sales for the year close during the summer, and this summer, sales activity and price growth has our market well-positioned for a strong finish to 2014” Melette said. At the end of August, there were 5,961 homes classified as active for sale in the CTMLS. At this time last year, there were 5,702.